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Sainsbury’s tiered easy access saver sees rise

Sainsbury’s tiered easy access saver sees rise

Category: Savings
Date: 10/03/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Sainsbury's Bank has increased selected rates by 0.05%, which has helped its easy access account strengthen its place in the Best Buy chart for its sector, earning it a high rating in the process.

The basics…

The eSaver Special still boasts a variable rate of 0.50% for savings of up to £999, while savings between £1,000 and £14,999 now pay a rate of 0.75%, savings of £15,000-£29,999 pay 0.90%, funds of £30,000-£500,000 pay out 1.05%, and anything over that (up to £2 million) has a rate of 0.50%, paid on its anniversary.

The finer details…

This online-exclusive account requires a minimum investment of just £1. Unlimited additions and withdrawals are allowed, with additions not just possible through online means, but also using SaveBack in store or by posting a cheque. Access is only possible via a nominated current account.

Why we like it…

The rate increase on this deal has made it even more competitive, thereby strengthening its place in the Best Buy charts and easily earning a high rating.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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